Number of homes entering foreclosure drops 22.1% to six-year low

The decrease in default notices, coupled with a decline in home repossessions, could help quicken the recovery in the real estate market.

California's foreclosure crisis eased considerably during the final quarter of last year, with the number of homes entering foreclosure dropping to a six-year low.

Source: http://feeds.latimes.com/~r/latimes/news/~3/mSVPYBbmp-Y/story01.htm

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